2154 DR MARTIN LUTHER KING JR WAY

$215,000

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Overview

0.5 acres

Property Description

Under contract-accepting backup offers. Prime Development Opportunity in Sarasota. RMF 2 Multifamily Lot Near Downtown and World-Famous Beaches Discover an exceptional investment and development opportunity in the heart of Sarasota. This nearly half acre parcel (0.496 acres / 21,590 sq ft) is a vacant residential lot positioned directly beside an additional 1.28-acre parcel also for sale. Together, these properties create a rare chance to assemble a sizable multifamily development site in one of the city’s fastest growing corridors. The 0.496 acre lot offers RMF 2 zoning with the ability to build up to four multifamily units. The neighboring 1.28 acre parcel is also zoned RMF 2 and allows for up to eleven multifamily dwellings. Combined, the two parcels provide the opportunity to develop up to 15 units! An exceptional offering this close to Downtown Sarasota. Located within the Humphreys Subdivision and designated as Residential Multi Family RMF 2, the site provides outstanding flexibility for builders, investors, and developers seeking to create income producing housing in a high demand area. Enjoy unbeatable proximity to Sarasota’s top destinations…..Five minutes to Downtown Sarasota….. Ten to twelve minutes to Lido Beach…..Fifteen minutes to Siesta Key…..Quick access to shopping, dining, cultural venues, and major roadways Whether your vision includes boutique multifamily residences, long/short term rentals, or modern townhomes, this site delivers the location, zoning, and scale to bring that vision to life. Opportunities of this caliber, so close to downtown, beaches, and Sarasota’s premier attractions, are increasingly rare!!

Property Details

MLS#

A4682128

Address

2154 DR MARTIN LUTHER KING JR

City

Sarasota

State/county

Zip/Postal Code

34234

Area

Humphreys Sub

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$1,446

Maint Fee

$--

Tax Year

2025

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